Selling Advertisement Offline

Anyone that has experience (positive/negative)
with selling online advertisements to company's offline?

I had this idea one year ago when I was reading some tutorials on "how to make a million dollar website".
The last few months I met several people here in Thailand that actually are putting up website's like these and are hiring sales staff to sell the Advertisement services.

Making a website about a city.

- putting some useful information on it like a city map and historical background of the city.

- try to arranges meetings with the marketing manager or person who is in charge of this.

- present the website, and an example page of how the advertisement would be placed on the website.

Here in Thailand the minimum rate for this kind of advertising on a website is 30$ a month (I know some people who actually charge 60$, and their website looks like s.h.i.t., that is the main reason why they are not selling any advertisements yet)
In the USA or EUROPE you can easily ask 100$ a month i think.

The great thing about this business is that, when you have for example 40 clients then you can sell the website and get a pleaseful benefit out of it.

In Thailand :

30$ x 12 = 360$ a year per client

360 x 40 = 14400$ a year for 40 clients

Website sale price : 14400 x 3 (years) = 43200$

and 30$ a month here is low, but i would only ask more if there really is big traffic on the website.

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